Oil Prices Surge as Iran War Escalates, Peace Elusive

Crude oil prices have surged nearly 10% this week, with Brent crude approaching $96 per barrel and WTI hitting $91.53, as the US-Iran conflict intensifies. Iran has targeted US military bases in the UAE and Kuwait, while Washington continues its air strikes, signaling no immediate end to hostilities. The escalating violence is reigniting supply fears and injecting a heavy geopolitical premium into energy markets, directly impacting global...